How Ubiquiti makes money

Period

FY2026

How does Ubiquiti make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Ubiquiti Inc. · FY2026 · year ended 2026-06-30

Revenue$3.3BGross profit$1.5B · 46%Cost of revenue$1.8B · 54%Operating income$1.2B · 36%Operating expenses$326M · 10%R&D$204M · 6%SG&A$122M · 4%Net income$960M · 29%Income tax$223M · 7%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.